AL: Air Lease Corp Financial Statements
Balance sheet, income statement, and cash flow statements for Air Lease Corp (AL).
$5.37B Market Cap.
AL Market Cap. (MRY)
AL Shares Outstanding (MRY)
AL Assets (MRY)
Total Assets
$32.28B
Total Liabilities
$24.75B
Total Investments
$0
AL Income (MRY)
Revenue
$2.73B
Net Income
$427.70M
Operating Expense
$1.36B
AL Cash Flow (MRY)
CF Operations
$1.68B
CF Investing
-$3.04B
CF Financing
$1.37B
AL Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|
Total Assets | $32,277,896,000 (6.00%) | $30,452,252,000 (7.24%) | $28,396,705,000 (5.29%) | $26,968,722,000 (6.95%) |
Assets Current | - | - | - | - |
Assets Non-Current | - | - | - | - |
Goodwill & Intangible Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Shareholders Equity | $7,532,626,000 (5.20%) | $7,160,038,000 (7.73%) | $6,646,363,000 (-5.17%) | $7,008,568,000 (15.42%) |
Property Plant & Equipment Net | $28,931,904,000 (5.46%) | $27,434,276,000 (5.99%) | $25,883,358,000 (6.05%) | $24,407,896,000 (10.04%) |
Cash & Equivalents | $476,104,000 (2.50%) | $464,492,000 (-40.45%) | $780,017,000 (-29.62%) | $1,108,292,000 (-36.95%) |
Accumulated Other Comprehensive Income | $19,573,000 (1002.70%) | $1,775,000 (-24.63%) | $2,355,000 (230.25%) | -$1,808,000 (-656.31%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Current | - | - | - | - |
Investments Non-Current | - | - | - | - |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Payables | $1,272,984,000 (9.35%) | $1,164,140,000 (67.05%) | $696,899,000 (13.92%) | $611,757,000 (24.22%) |
Accumulated Retained Earnings (Deficit) | $4,147,218,000 (7.17%) | $3,869,813,000 (14.26%) | $3,386,820,000 (-6.18%) | $3,609,885,000 (10.14%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $1,320,397,000 (3.01%) | $1,281,837,000 (32.04%) | $970,797,000 (-4.19%) | $1,013,270,000 (10.57%) |
Total Debt | $20,209,985,000 (5.36%) | $19,182,657,000 (2.91%) | $18,641,063,000 (9.51%) | $17,022,480,000 (3.05%) |
Debt Current | - | - | - | - |
Debt Non-Current | - | - | - | - |
Total Liabilities | $24,745,270,000 (6.24%) | $23,292,214,000 (7.09%) | $21,750,342,000 (8.97%) | $19,960,154,000 (4.27%) |
Liabilities Current | - | - | - | - |
Liabilities Non-Current | - | - | - | - |
AL Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|
Revenues | $2,733,657,000 (1.81%) | $2,684,977,000 (15.87%) | $2,317,302,000 (10.96%) | $2,088,389,000 (3.62%) |
Cost of Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Selling General & Administrative Expense | $185,933,000 (-0.04%) | $186,015,000 (18.59%) | $156,855,000 (25.20%) | $125,279,000 (30.93%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $1,363,581,000 (11.55%) | $1,222,380,000 (-36.00%) | $1,909,889,000 (84.65%) | $1,034,357,000 (15.70%) |
Interest Expense | $836,819,000 (18.03%) | $708,963,000 (29.80%) | $546,178,000 (6.46%) | $513,016,000 (8.06%) |
Income Tax Expense | $105,553,000 (-24.07%) | $139,012,000 (433.03%) | -$41,741,000 (-139.99%) | $104,384,000 (-19.96%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $427,704,000 (-30.41%) | $614,622,000 (733.47%) | -$97,024,000 (-122.22%) | $436,632,000 (-15.42%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | $427,704,000 (-30.41%) | $614,622,000 (733.47%) | -$97,024,000 (-122.22%) | $436,632,000 (-15.42%) |
Preferred Dividends Income Statement Impact | $55,631,000 (33.41%) | $41,700,000 (0.00%) | $41,700,000 (46.45%) | $28,473,000 (85.19%) |
Net Income Common Stock | $372,073,000 (-35.06%) | $572,922,000 (512.99%) | -$138,724,000 (-133.99%) | $408,159,000 (-18.51%) |
Weighted Average Shares | $111,325,481 (0.29%) | $111,005,088 (-0.56%) | $111,626,508 (-2.13%) | $114,050,578 (0.32%) |
Weighted Average Shares Diluted | $111,869,386 (0.39%) | $111,438,589 (-0.17%) | $111,626,508 (-2.46%) | $114,446,093 (0.38%) |
Earning Before Interest & Taxes (EBIT) | $1,370,076,000 (-6.33%) | $1,462,597,000 (259.00%) | $407,413,000 (-61.35%) | $1,054,032,000 (-6.01%) |
Gross Profit | $2,733,657,000 (1.81%) | $2,684,977,000 (15.87%) | $2,317,302,000 (10.96%) | $2,088,389,000 (3.62%) |
Operating Income | $1,370,076,000 (-6.33%) | $1,462,597,000 (259.00%) | $407,413,000 (-61.35%) | $1,054,032,000 (-6.01%) |
AL Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|
Net Cash Flow from Investing | -$3,036,303,000 (-9.28%) | -$2,778,383,000 (18.38%) | -$3,404,204,000 (-10.00%) | -$3,094,780,000 (-22.46%) |
Net Cash Flow from Financing | $1,370,896,000 (91.47%) | $715,978,000 (-57.73%) | $1,693,779,000 (58.52%) | $1,068,469,000 (-62.60%) |
Net Cash Flow from Operations | $1,677,019,000 (-4.00%) | $1,746,880,000 (26.39%) | $1,382,150,000 (0.39%) | $1,376,836,000 (26.29%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $11,612,000 (103.68%) | -$315,525,000 (3.88%) | -$328,275,000 (49.46%) | -$649,475,000 (-145.75%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Capital Expenditure | -$3,036,303,000 (-6.80%) | -$2,843,097,000 (16.48%) | -$3,404,204,000 (-10.00%) | -$3,094,780,000 (-22.46%) |
Issuance (Repayment) of Debt Securities | $1,051,390,000 (124.97%) | $467,342,000 (-70.56%) | $1,587,271,000 (251.86%) | $451,103,000 (-84.46%) |
Issuance (Purchase) of Equity Shares | $0 (0%) | $0 (0%) | -$150,000,000 (-3354.63%) | -$4,342,000 (-166.10%) |
Payment of Dividends & Other Cash Distributions | -$93,481,000 (-5.28%) | -$88,792,000 (-6.65%) | -$83,253,000 (-14.04%) | -$73,001,000 (-7.07%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $33,887,000 (-2.10%) | $34,615,000 (121.85%) | $15,603,000 (-41.16%) | $26,516,000 (50.42%) |
Depreciation Amortization & Accretion | $1,143,761,000 (7.02%) | $1,068,772,000 (10.64%) | $965,955,000 (9.45%) | $882,562,000 (13.05%) |
AL Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|
Gross Margin | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) |
Profit Margin | 13.60% (-36.15%) | 21.30% (455.00%) | -6.00% (-130.77%) | 19.50% (-21.69%) |
EBITDA Margin | 92.00% (-2.44%) | 94.30% (59.02%) | 59.30% (-36.03%) | 92.70% (-1.80%) |
Return on Average Equity (ROAE) | 5.00% (-39.76%) | 8.30% (495.24%) | -2.10% (-133.87%) | 6.20% (-27.06%) |
Return on Average Assets (ROAA) | 1.20% (-36.84%) | 1.90% (480.00%) | -0.50% (-131.25%) | 1.60% (-23.81%) |
Return on Sales (ROS) | 50.10% (-8.07%) | 54.50% (209.66%) | 17.60% (-65.15%) | 50.50% (-9.17%) |
Return on Invested Capital (ROIC) | 2.70% (-10.00%) | 3.00% (233.33%) | 0.90% (-64.00%) | 2.50% (-16.67%) |
Dividend Yield | 1.80% (-5.26%) | 1.90% (-5.00%) | 2.00% (33.33%) | 1.50% (7.14%) |
Price to Earnings Ratio (P/E) | 14.43 (77.58%) | 8.13 (126.23%) | -30.98 (-350.78%) | 12.36 (22.65%) |
Price to Sales Ratio (P/S) | 1.96 (13.21%) | 1.73 (-6.32%) | 1.85 (-23.35%) | 2.42 (-3.63%) |
Price to Book Ratio (P/B) | 0.71 (9.69%) | 0.65 (1.40%) | 0.64 (-10.85%) | 0.72 (-13.58%) |
Debt to Equity Ratio (D/E) | 3.29 (0.98%) | 3.25 (-0.61%) | 3.27 (14.92%) | 2.85 (-9.64%) |
Earnings Per Share (EPS) | 3.34 (-35.27%) | 5.16 (516.13%) | -1.24 (-134.64%) | 3.58 (-18.82%) |
Sales Per Share (SPS) | 24.56 (1.52%) | 24.19 (16.52%) | 20.76 (13.37%) | 18.31 (3.29%) |
Free Cash Flow Per Share (FCFPS) | -12.21 (-23.65%) | -9.88 (45.48%) | -18.11 (-20.25%) | -15.06 (-19.18%) |
Book Value Per Share (BVPS) | 67.66 (4.90%) | 64.5 (8.33%) | 59.54 (-3.11%) | 61.45 (15.05%) |
Tangible Assets Book Value Per Share (TABVPS) | 289.94 (5.69%) | 274.33 (7.84%) | 254.39 (7.58%) | 236.46 (6.61%) |
Enterprise Value Over EBIT (EV/EBIT) | 18 (12.50%) | 16 (-70.37%) | 54 (170.00%) | 20 (17.65%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 9.97 (10.76%) | 9 (-43.58%) | 15.96 (48.81%) | 10.72 (7.50%) |
Asset Turnover | 0.09 (-3.33%) | 0.09 (8.43%) | 0.08 (3.75%) | 0.08 (-5.88%) |
Current Ratio | - | - | - | - |
Dividends | $0.85 (4.94%) | $0.81 (7.28%) | $0.76 (13.53%) | $0.67 (9.02%) |
Free Cash Flow (FCF) | -$1,359,284,000 (-24.00%) | -$1,096,217,000 (45.79%) | -$2,022,054,000 (-17.70%) | -$1,717,944,000 (-19.56%) |
Enterprise Value (EV) | $25,065,989,578 (10.00%) | $22,786,591,949 (3.99%) | $21,912,563,367 (5.53%) | $20,764,863,821 (9.45%) |
Earnings Before Tax (EBT) | $533,257,000 (-29.24%) | $753,634,000 (643.10%) | -$138,765,000 (-125.65%) | $541,016,000 (-16.34%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $2,513,837,000 (-0.69%) | $2,531,369,000 (84.32%) | $1,373,368,000 (-29.08%) | $1,936,594,000 (1.81%) |
Invested Capital | $52,011,777,000 (5.78%) | $49,170,417,000 (6.30%) | $46,257,751,000 (7.87%) | $42,882,910,000 (7.27%) |
Working Capital | - | - | - | - |
Tangible Asset Value | $32,277,896,000 (6.00%) | $30,452,252,000 (7.24%) | $28,396,705,000 (5.29%) | $26,968,722,000 (6.95%) |
Market Capitalization | $5,369,479,578 (15.31%) | $4,656,482,949 (9.29%) | $4,260,474,367 (-15.49%) | $5,041,651,821 (-0.25%) |
Average Equity | $7,436,860,000 (7.32%) | $6,929,582,500 (6.67%) | $6,496,004,000 (-2.03%) | $6,630,569,500 (12.12%) |
Average Assets | $31,590,634,250 (5.97%) | $29,811,360,000 (7.29%) | $27,785,495,500 (5.92%) | $26,232,046,000 (11.04%) |
Invested Capital Average | $50,985,092,750 (5.58%) | $48,288,784,000 (7.15%) | $45,067,503,250 (8.15%) | $41,671,948,250 (10.73%) |
Shares | 111,376,884 (0.31%) | 111,027,252 (0.12%) | 110,892,097 (-2.72%) | 113,987,154 (0.18%) |